Eneco focuses on three complementary Environmental Social & Governance (ESG) rating agencies.
Science Based Targets initiative
The Science Based Targets initiative (SBTi) is a global organisation that enables companies to set ambitious emission reduction targets in line with the latest climate science. It aims to encourage companies around the world to halve their emissions by 2030 and achieve net-zero emissions by 2050. The initiative is a collaboration between the Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WRI) and the World Wildlife Fund (WWF).
In 2017, Eneco was the first Dutch company with approved targets. Based on the SBTi's methodology, a carbon budget for our company including our suppliers and customers was determined. Meanwhile, more than 1,800 companies worldwide already have approved targets.
In 2022, Eneco is among the first group of companies to receive SBTi approval on its net-zero target in 2035 for the entire value chain (scope 1, 2 and 3) based on the 1.5°C pathway from a 2019 base year.
CDP Climate Change 2022
Eneco has been awarded an A- by CDP in the field of combating climate change and is therefore part of the leadership group. The score exceeds the European regional average of B and is higher than the average of the renewable power generation sector (B-). CDP is an international non-profit organisation that encourages companies and governments to reduce their greenhouse gas emissions, among other things. CDP has been providing insight into companies' climate footprints and ambitions for over 20 years. The organisation requests detailed information and then assigns a score from D to A. In 2022, more than 18,700 companies worldwide participated in CDP.
Sustainalytics rates Eneco with a low Environmental, Social & Governance (ESG) risk (18.7). It rates Eneco's overall management of material ESG issues as 'strong'. With our ESG score from Sustainalytics, we are among the 10% best performing companies in our sector in terms of sustainability.
Sustainalytics is a global player in rating companies on sustainability at the request of investors. An ESG rating assesses environmental, social and governance factors. This means that factors such as energy consumption, climate, resource availability, health, safety and good corporate governance are taken into account in business decisions. ESG ratings are intended to measure a company's resilience to long-term, material risks.
Platinum EcoVadis for Eneco
In 2021, Eneco again received the Platinum rating from EcoVadis. This makes us one of the top 1% of companies in our sector in terms of sustainability performance. EcoVadis assesses how a company scores on environment, labour and human rights, ethics and sustainable procurement.